JohnB5677
Expert Alumni

Retirement tax questions

 I suggest that you post the code 7 in box 7. A code 7 – Normal distribution is very common unless there is something unusual..

 

The code(s) in Box 7 of your 1099-R helps identify the type of distribution you received. We use these codes and your answers to some interview questions to determine if your distribution is taxable or subject to an early withdrawal penalty. 

 

The description you had for code 7 above (Nondisability) is not a standard code.  I suggest you contact you broker or plan administrator for that specific question.

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